GDP 2LST

GDP growth slowed to 6.7 per cent in 2008-09 from nine
per cent in the previous three years due to global financial
meltdown. However, government's stimulus packages and stepped-
up public spending pushed growth to 7.4 per cent in FY'10.
The Indian government has partially rolled back stimulus
by raising excise duty by two per cent to ten per cent. The
first quarter economic growth would reveal whether partial
removal of stimulus has affected the economy or not. PTI JD
MYR


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